Key Person Cover

Key Person insurance cover safeguards a business against the impact of the loss of the Key Person through illness or death.  

Key Person Insurance Cover.

Safeguard your business.

Key Person insurance is designed to safeguard a business against the financial effects of a critical illness, a terminal illness, or from the death of one of the businesses mission critical people. A ‘Key Person’ is an employee whose death or continued absence would affect the profits and the normal operation of the business.


The loss of a mission critical employee or director is often likely to cause all or any of the following: reduced sales, a loss of profits and turnover, wasted time which costs money in real terms, recruitment costs, potential disruption to future research or development plans, and increased workloads for any remaining staff.


Key Person insurance is a life insurance policy, which can have critical illness added. The policy is written on the life of a named key business employee, but the policy is owned by the business. If something should ever happen to the named member of staff, the policy is paid out directly to the business, which is why the business pays the policy premiums.

Case Study: Key Person Cover


If you are interested in more information about Key Person Cover - please use the secure form below and we will contact you within 24 hours. We will discuss making arrangements for a selected Financial Adviser to connect with you.




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